Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2018, multiply all PIA factors each year by 0.991. Stop reductions after 2046. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 219 |
2022 | 203 | 204 |
2023 | 187 | 188 |
2024 | 171 | 173 |
2025 | 154 | 156 |
2026 | 137 | 140 |
2027 | 119 | 123 |
2028 | 101 | 106 |
2029 | 83 | 89 |
2030 | 64 | 71 |
2031 | 44 | 53 |
2032 | 23 | 34 |
2033 | 2 | 15 |
2034 | -20 | -5 |
2035 | -42 | -25 |
2036 | -65 | -45 |
2037 | -88 | -65 |
2038 | -112 | -85 |
2039 | -136 | -106 |
2040 | -160 | -126 |
2041 | -185 | -146 |
2042 | -210 | -167 |
2043 | -235 | -187 |
2044 | -260 | -206 |
2045 | -285 | -226 |
2046 | -310 | -245 |
2047 | -336 | -265 |
2048 | -362 | -284 |
2049 | -388 | -303 |
2050 | -415 | -321 |
2051 | -442 | -340 |
2052 | -468 | -358 |
2053 | -495 | -375 |
2054 | -523 | -392 |
2055 | -550 | -409 |
2056 | -578 | -426 |
2057 | -606 | -443 |
2058 | -635 | -459 |
2059 | -664 | -475 |
2060 | -694 | -492 |
2061 | -725 | -508 |
2062 | -756 | -525 |
2063 | -787 | -541 |
2064 | -819 | -557 |
2065 | -852 | -574 |
2066 | -885 | -591 |
2067 | -918 | -607 |
2068 | -952 | -624 |
2069 | -987 | -641 |
2070 | -1022 | -658 |
2071 | -1057 | -675 |
2072 | -1094 | -693 |
2073 | -1132 | -712 |
2074 | -1171 | -730 |
2075 | -1210 | -750 |
2076 | -1251 | -769 |
2077 | -1293 | -789 |
2078 | -1335 | -809 |
2079 | -1378 | -830 |
2080 | -1421 | -850 |
2081 | -1464 | -871 |
2082 | -1507 | -891 |
2083 | -1550 | -911 |
2084 | -1593 | -932 |
2085 | -1636 | -953 |
2086 | -1680 | -973 |
2087 | -1724 | -995 |
2088 | -1769 | -1016 |
2089 | -1814 | -1038 |
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